Question – On January 11, 2022, Competition Commission of India approved the acquisition of shares in ‘Sutherland Global Holdings Inc.’ by Coral Blue Investment Pte Ltd (“GIC Investor”). GIC Investor is a special purpose company incorporated as a private limited company in which country?
(a) America
(b) Sweden
(c) Singapore
(d) Mauritius
Answer—(c)
Related facts—
- The Competition Commission of India recently(January 2022) approved acquisition of shares in Sutherland Global Holdings Inc by Coral Blue Investment Pte Ltd (GIC Investor).
- GIC Investor is wholly-owned by GIC Blue Holdings Pte Ltd, an entity which is in turn wholly-owned by GIC(Ventures) Private Limited.
- GIC Investor is a special purpose vehicle organized as a private limited company in Singapore.
- Sutherland is a privately held holding company, incorporated in the United States of America.
- Sutherland operates as a holding company and is a global information technology service provider specializing in the provision of integrated business process outsourcing(BPO), business transformation, cloud, back office, and front office services, business process and technology management services.
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